JPMorgan Chase & Co. Boosts HubSpot (HUBS) Price Target to $102.00

HubSpot (NYSE:HUBS) had its price target upped by JPMorgan Chase & Co. from $95.00 to $102.00 in a research report report published on Monday. They currently have an overweight rating on the software maker’s stock.

A number of other research analysts have also recently weighed in on the stock. Zacks Investment Research upgraded shares of HubSpot from a hold rating to a buy rating and set a $99.00 target price on the stock in a research note on Tuesday, January 2nd. Morgan Stanley lifted their target price on shares of HubSpot from $90.00 to $93.00 and gave the company an overweight rating in a research note on Monday, October 23rd. UBS Group lifted their target price on shares of HubSpot from $84.00 to $103.00 and gave the company a buy rating in a research note on Thursday, November 9th. Needham & Company LLC lifted their target price on shares of HubSpot to $95.00 and gave the company a buy rating in a research note on Thursday, November 2nd. Finally, Oppenheimer set a $91.00 target price on shares of HubSpot and gave the company a buy rating in a research note on Wednesday, October 25th. Four analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. The stock currently has a consensus rating of Buy and an average price target of $93.76.

HubSpot (NYSE:HUBS) opened at $103.15 on Monday. The company has a debt-to-equity ratio of 1.41, a quick ratio of 3.55 and a current ratio of 3.55. HubSpot has a one year low of $55.80 and a one year high of $103.95. The firm has a market cap of $3,850.00, a price-to-earnings ratio of -88.92 and a beta of 2.24.

In other HubSpot news, insider Hunter Madeley sold 7,000 shares of HubSpot stock in a transaction on Friday, February 2nd. The shares were sold at an average price of $95.35, for a total value of $667,450.00. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CEO Brian Halligan sold 25,000 shares of the business’s stock in a transaction dated Friday, December 15th. The stock was sold at an average price of $88.30, for a total transaction of $2,207,500.00. Following the completion of the sale, the chief executive officer now owns 796,119 shares in the company, valued at $70,297,307.70. The disclosure for this sale can be found here. Over the last quarter, insiders sold 35,000 shares of company stock worth $3,134,850. 12.10% of the stock is currently owned by insiders.

Several institutional investors have recently bought and sold shares of HUBS. Ameritas Investment Partners Inc. increased its holdings in shares of HubSpot by 18.5% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 2,955 shares of the software maker’s stock worth $194,000 after buying an additional 462 shares during the last quarter. ETRADE Capital Management LLC bought a new stake in shares of HubSpot in the 3rd quarter worth about $203,000. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of HubSpot by 35.2% in the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,326 shares of the software maker’s stock worth $206,000 after buying an additional 606 shares during the last quarter. Raymond James Trust N.A. bought a new stake in shares of HubSpot in the 4th quarter worth about $216,000. Finally, Sciencast Management LP bought a new stake in shares of HubSpot in the 4th quarter worth about $219,000. Hedge funds and other institutional investors own 94.58% of the company’s stock.

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HubSpot Company Profile

HubSpot, Inc (HubSpot) provides a cloud-based marketing and sales software platform. The Company’s software platform features integrated applications to help businesses attract visitors to their Websites, convert visitors into leads, close leads into customers and delight customers so that they become promoters of those businesses.

Analyst Recommendations for HubSpot (NYSE:HUBS)

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